Go-Jek will use the acquisition to open its second engineering and product development center in Gurgaon.
Top investors in both startups are likely to hold stakes in the merged entity.
AET has already made 10 early-stage investments in India since its launch in March with its $50 million corpus fund for India.
If the deal goes through, it will be SoftBank’s first direct investment in a food tech business in India.
The round has already seen commitments from existing investors such as VC firm HealthQuad, Mitsui Sumitomo Insurance’s VC arm and Belgium-based Kois
Ola will focus on cloud kitchens that was launched after Foodpanda bought Holachef in October.
Funds raised will enable the company to boost its research and development and scale its operations in the Asia-Pacific region.
IPOs & Markets
In FY19, UrbanClap claimed to have completed around 3.3 million service orders.
The startup is in talks with private equity and venture capital firms as well as car makers including BMW Group India and Mercedes India for funding.
The investors include Girnarsoft and London-based Man Capital. In April 2016, both the investors had led a $2 million pre-Series A round in CollegeDek
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.